Metro bank news

Here are some recent news articles and updates about Metro Bank:

Recent News

  1. Metro Bank reports £113.8m loss in 2020: Metro Bank has reported a pre-tax loss of £113.8m for 2020, compared to a profit of £33.6m in 2019. The bank attributed the loss to increased provisions for bad debts and higher operating costs. (Source: The Guardian, February 2021)
  2. Metro Bank launches new digital banking platform: Metro Bank has launched a new digital banking platform, which allows customers to manage their accounts, pay bills, and transfer money online. The platform is available to customers with a Metro Bank current account. (Source: City A.M., March 2021)
  3. Metro Bank partners with fintech firm to offer digital mortgage services: Metro Bank has partnered with fintech firm, Trussle, to offer digital mortgage services to customers. The partnership allows customers to apply for a mortgage online and receive a decision in principle within minutes. (Source: Mortgage Introducer, April 2021)

Recent Updates

  1. Metro Bank appoints new CEO: Metro Bank has appointed Daniel Frumkin as its new CEO, effective from May 2021. Frumkin has over 20 years of experience in the banking industry and has previously held roles at Santander and RBS. (Source: The Telegraph, April 2021)
  2. Metro Bank expands its branch network: Metro Bank has expanded its branch network by opening new branches in London, Manchester, and Birmingham. The bank has also refurbished several of its existing branches to improve the customer experience. (Source: Retail Banker International, March 2021)
  3. Metro Bank launches new business banking service: Metro Bank has launched a new business banking service, which offers a range of products and services to small businesses and entrepreneurs. The service includes business current accounts, loans, and credit cards. (Source: Business Money, February 2021)

Industry Insights

  1. Metro Bank's digital transformation: Metro Bank has been investing heavily in digital transformation, with a focus on improving its online and mobile banking services. The bank has also been expanding its use of artificial intelligence and machine learning to improve customer service. (Source: Financial Times, January 2021)
  2. Metro Bank's competition in the UK banking market: Metro Bank operates in a highly competitive UK banking market, with several major banks and fintech firms competing for customers. The bank has been focusing on differentiating itself through its customer service and branch network. (Source: The Banker, December 2020)

I hope this information is helpful!